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CALGARY, Alberta, Might 11, 2023 (GLOBE NEWSWIRE) — Precision Drilling Company (“Precision” or the “Firm”) is happy to announce the outcomes of the election of board members at its 2023 Annual Assembly of Shareholders held on Might 11, 2023 (the “Annual Assembly”). Shareholders authorized the election of all 8 (7 of whom are unbiased) of the nominated administrators offered within the Firm’s Administration Info Round (the “Round”), dated March 29, 2023.
The shares represented on the Annual Assembly voting in favour of particular person nominated administrators are as follows:
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Nominee | # Votes For | % Votes For | # Votes Withheld |
% Votes Withheld |
|
Michael R. Culbert | 5,978,402 | 87.60 | 845,985 | 12.40 | |
William T. Donovan | 5,596,491 | 82.01 | 1,227,896 | 17.99 | |
Steven W. Krablin | 5,562,612 | 81.51 | 1,261,775 | 18.49 | |
Lori A. Lancaster | 6,109,265 | 89.52 | 715,122 | 10.48 | |
Susan M. MacKenzie | 5,336,522 | 78.20 | 1,487,865 | 21.80 | |
Kevin O. Meyers | 5,582,996 | 81.81 | 1,241,391 | 18.19 | |
David W. Williams | 5,976,382 | 87.57 | 848,005 | 12.43 | |
Kevin A. Neveu | 6,027,384 | 88.32 | 797,003 | 11.68 | |
All different gadgets of enterprise set forth within the Round and thought of on the Annual Assembly handed, together with the non-binding advisory vote on the Company’s strategy to government compensation.
The complete outcomes on all issues voted upon on the assembly will likely be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
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About Precision
Precision is a number one supplier of protected and environmentally accountable Excessive Efficiency, Excessive Worth companies to the vitality {industry}, providing prospects entry to an intensive fleet of Tremendous Collection drilling rigs. Precision has commercialized an industry-leading digital know-how portfolio often called Alpha™ that makes use of superior automation software program and analytics to generate environment friendly, predictable, and repeatable outcomes for vitality prospects. Our drilling companies are enhanced by our EverGreen™ suite of environmental options, which bolsters our dedication to decreasing the environmental impression of our operations. Moreover, Precision gives effectively service rigs, camps and rental tools all backed by a complete mixture of technical help companies and expert, skilled personnel.
Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Inventory Change underneath the buying and selling image “PD” and on the New York Inventory Change underneath the buying and selling image “PDS”.
For additional info, please contact:
Lavonne Zdunich, CPA, CA
Director, Investor Relations
403.716.4500
800, 525 – eighth Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Web site: www.precisiondrilling.com